Securities regulators are investigating allegations Friedman Billings may have aided and abetted insider trading by some of the hedge funds that invested in the PIPE deal the firm arranged for Compudyne (CDCY).For Crestview, the deal with Friedman Billings is something of a coming out party. To date, the most notable transaction Crestview has been involved with was buying up some of the Puerto Rico-based cable assets of Adelphia, the bankrupt cable company. The private equity fund has maintained such a low profile that it doesn't even have its own Web site.
Friedman Billings Gets Private Equity Lifeline
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.